The latest study from MasterCard examines Asian e-commerce trends:
* Asian e-commerce will grow by 23% a year for the next decade.
* China will replace Japan as the largest online shopping market in Asia by 2010.
* MasterCard expects 480 million Chinese to spend a staggering $1.4 trillion over the Internet.
* Chinese advertisers are expected to spend $2.6 billion into online ads by 2010.
Beneficiaries will be the Chinese web portals: Bidu.com, Sina.com, Sohu.com, Netease.com and Chinese advertising companies: Focus Media, Hurray Holdings , Vision China Media.
Perhaps the big winner will be China Mobile. Since it was spun off from fixed-line operator China Telecom in 2000, China Mobile has grown into the world’s largest wireless service provider.
In addition to traditional calling services, the company offers value-added services such as caller ID, call waiting, call forwarding, voice mail, conference calling, instant messaging, text messaging, as well as accessing the Internet.
Mobile phones — not PCs — are the new computers in China. More on this HERE.
Source: Money and Markets